Starting Dynare (version 6.1).
Calling Dynare with arguments: none
Starting preprocessing of the model file ...
WARNING: M15ra.mod:199.1-32: Symbol y declared twice.
WARNING: M15ra.mod:199.1-32: Symbol c declared twice.
WARNING: M15ra.mod:199.1-32: Symbol k declared twice.
WARNING: M15ra.mod:199.1-32: Symbol i declared twice.
WARNING: M15ra.mod:199.1-32: Symbol n declared twice.
WARNING: M15ra.mod:199.1-32: Symbol y_n declared twice.
WARNING: M15ra.mod:199.1-32: Symbol z declared twice.
WARNING: M15ra.mod:199.1-32: Symbol r declared twice.
WARNING: M15ra.mod:199.1-32: Symbol w declared twice.
WARNING: M15ra.mod:199.1-32: Symbol sigma_c declared twice.
Found 10 equation(s).
Evaluating expressions...
Computing static model derivatives (order 1).
Normalizing the static model...
Finding the optimal block decomposition of the static model...
3 block(s) found:
  2 recursive block(s) and 1 simultaneous block(s).
  the largest simultaneous block has 6 equation(s)
                                 and 6 feedback variable(s).
Computing dynamic model derivatives (order 3).
Normalizing the dynamic model...
Finding the optimal block decomposition of the dynamic model...
3 block(s) found:
  2 recursive block(s) and 1 simultaneous block(s).
  the largest simultaneous block has 6 equation(s)
                                 and 6 feedback variable(s).
Preprocessing completed.
Preprocessing time: 0h00m00s.

STEADY-STATE RESULTS:

y       		 1.21534
c       		 0.923428
k       		 14.5958
i       		 0.291916
n       		 0.300237
y_n     		 4.04795
z       		 0
r       		 0.00997599
w       		 2.59069
sigma_c 		 3

EIGENVALUES:
         Modulus             Real        Imaginary
            0.95             0.95                0
           0.972            0.972                0
           1.039            1.039                0
       6.044e+16       -6.044e+16                0
             Inf              Inf                0

There are 3 eigenvalue(s) larger than 1 in modulus for 3 forward-looking variable(s)
The rank condition is verified.


MODEL SUMMARY

  Number of variables:         10
  Number of stochastic shocks: 1
  Number of state variables:   2
  Number of jumpers:           3
  Number of static variables:  5


MATRIX OF COVARIANCE OF EXOGENOUS SHOCKS
Variables         e_z
e_z          0.000049



MOMENTS OF SIMULATED VARIABLES
VARIABLE              MEAN       STD. DEV.        VARIANCE        SKEWNESS        KURTOSIS
y                 1.211927        0.025947        0.000673        0.033776        0.228986
c                 0.921346        0.009107        0.000083        0.132948       -0.001001
k                14.520222        0.348248        0.121277        0.172502       -0.081184
i                 0.290582        0.018961        0.000360       -0.012410        0.189750
n                 0.300876        0.002355        0.000006       -0.052722       -0.096690
y_n               4.028521        0.103299        0.010671        0.082571        0.138269
r                 0.010128        0.000610        0.000000       -0.038871       -0.114043
w                 2.583789        0.029479        0.000869        0.127962       -0.098853
sigma_c           3.005122        0.038920        0.001515       -0.033776        0.228986


CORRELATION OF SIMULATED VARIABLES
VARIABLE          y        c        k        i        n      y_n        r        w  sigma_c
y            1.0000   0.8393   0.6163   0.9653  -0.4101   0.9604  -0.5363   0.5364  -1.0000
c            0.8393   1.0000   0.9454   0.6682  -0.8397   0.9576  -0.9087   0.9090  -0.8393
k            0.6163   0.9454   1.0000   0.3894  -0.9704   0.8114  -0.9947   0.9951  -0.6163
i            0.9653   0.6682   0.3894   1.0000  -0.1578   0.8543  -0.2974   0.2974  -0.9653
n           -0.4101  -0.8397  -0.9704  -0.1578   1.0000  -0.6479   0.9897  -0.9895   0.4101
y_n          0.9604   0.9576   0.8114   0.8543  -0.6479   1.0000  -0.7501   0.7503  -0.9604
r           -0.5363  -0.9087  -0.9947  -0.2974   0.9897  -0.7501   1.0000  -0.9998   0.5363
w            0.5364   0.9090   0.9951   0.2974  -0.9895   0.7503  -0.9998   1.0000  -0.5364
sigma_c     -1.0000  -0.8393  -0.6163  -0.9653   0.4101  -0.9604   0.5363  -0.5364   1.0000


AUTOCORRELATION OF SIMULATED VARIABLES
VARIABLE         1       2       3       4       5
y           0.9368  0.8751  0.8182  0.7666  0.7166
c           0.9866  0.9720  0.9566  0.9407  0.9236
k           0.9982  0.9946  0.9888  0.9811  0.9718
i           0.9156  0.8340  0.7594  0.6927  0.6287
n           0.9939  0.9862  0.9768  0.9661  0.9537
y_n         0.9634  0.9269  0.8921  0.8596  0.8272
r           0.9978  0.9937  0.9875  0.9795  0.9698
w           0.9978  0.9937  0.9876  0.9796  0.9700
sigma_c     0.9368  0.8751  0.8182  0.7666  0.7166
[Warning: Class 'datetime' is defined in a class folder and takes precedence over a function with the same name that is earlier
on the MATLAB path. In a future release, class 'datetime' will no longer be given precedence.

<a href="matlab: matlab.internal.identifyClassPrecedenceConflicts('datetime')">Click here for the locations of the conflicting items</a>.
<a href="matlab: helpview('matlab','AtFolderPrecedence');">Click here for guidelines to avoid this warning</a>.] 
[> In <a href="matlab:matlab.lang.internal.introspective.errorDocCallback('stoch_simul', '/Applications/Dynare/6.1-arm64/matlab/stochastic_solver/stoch_simul.m', 302)" style="font-weight:bold">stoch_simul</a> (<a href="matlab: opentoline('/Applications/Dynare/6.1-arm64/matlab/stochastic_solver/stoch_simul.m',302,0)">line 302</a>)
In <a href="matlab:matlab.lang.internal.introspective.errorDocCallback('M15ra.driver', '/Users/orhantorul/Desktop/ERAC/risk aversion/M15ra/+M15ra/driver.m', 494)" style="font-weight:bold">M15ra.driver</a> (<a href="matlab: opentoline('/Users/orhantorul/Desktop/ERAC/risk aversion/M15ra/+M15ra/driver.m',494,0)">line 494</a>)
In <a href="matlab:matlab.lang.internal.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.1-arm64/matlab/dynare.m', 310)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.1-arm64/matlab/dynare.m',310,0)">line 310</a>)] 
[Warning: Class 'datetime' is defined in a class folder and takes precedence over a function with the same name that is
earlier on the MATLAB path. In a future release, class 'datetime' will no longer be given precedence.

<a href="matlab: matlab.internal.identifyClassPrecedenceConflicts('datetime')">Click here for the locations of the conflicting items</a>.
<a href="matlab: helpview('matlab','AtFolderPrecedence');">Click here for guidelines to avoid this warning</a>.] 
[> In <a href="matlab:matlab.lang.internal.introspective.errorDocCallback('writepng', '/Applications/MATLAB_R2024a.app/toolbox/matlab/imagesci/private/writepng.m', 244)" style="font-weight:bold">writepng</a> (<a href="matlab: opentoline('/Applications/MATLAB_R2024a.app/toolbox/matlab/imagesci/private/writepng.m',244,0)">line 244</a>)
In <a href="matlab:matlab.lang.internal.introspective.errorDocCallback('imwrite', '/Applications/MATLAB_R2024a.app/toolbox/matlab/imagesci/imwrite.m', 567)" style="font-weight:bold">imwrite</a> (<a href="matlab: opentoline('/Applications/MATLAB_R2024a.app/toolbox/matlab/imagesci/imwrite.m',567,0)">line 567</a>)
In matlab.graphics.internal/mlprintjob/writeRaster
In printingGenerateOutput
In alternatePrintPath
In <a href="matlab:matlab.lang.internal.introspective.errorDocCallback('print', '/Applications/MATLAB_R2024a.app/toolbox/matlab/graphics/printing/print.m', 90)" style="font-weight:bold">print</a> (<a href="matlab: opentoline('/Applications/MATLAB_R2024a.app/toolbox/matlab/graphics/printing/print.m',90,0)">line 90</a>)
In <a href="matlab:matlab.lang.internal.introspective.errorDocCallback('M15ra.driver', '/Users/orhantorul/Desktop/ERAC/risk aversion/M15ra/+M15ra/driver.m', 513)" style="font-weight:bold">M15ra.driver</a> (<a href="matlab: opentoline('/Users/orhantorul/Desktop/ERAC/risk aversion/M15ra/+M15ra/driver.m',513,0)">line 513</a>)
In <a href="matlab:matlab.lang.internal.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.1-arm64/matlab/dynare.m', 310)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.1-arm64/matlab/dynare.m',310,0)">line 310</a>)] 
Total computing time : 0h00m09s
Note: 10 warning(s) encountered in the preprocessor
Note: warning(s) encountered in MATLAB/Octave code
